Senior Trader Daily Update 05 July 2017

Good morning everyone.
 
Very little to comment on due to the Independence Day holiday in the US overnight, other than to make note of the sharp bounce in XAU/AUD yesterday during Far Eastern trading which came about entirely as a result of the Reserve Bank of Australia’s monetary policy announcement, which left the cash rate target unchanged at 1.5% and led to the AUD/USD falling from 0.7680 to just under 0.7600 over the course of the session.
 
Good luck.
 
Regards,
Andre